SHRM BoCK: As defined by the SHRM Body of Competency and Knowledge TM, this self-study course covers competency topics related to Relationship Management with the knowledge area being Total Rewards.

Overview

This course teaches compensation professionals how to select and administer variable pay plans for tax-exempt organizations. With a special focus on the importance of variable pay in executive compensation packages, you’ll learn the different types of variable pay plans available. You’ll also find out the factors that must be considered in their design. Finally, you’ll review the administration of variable plans and how to avoid common problems.

Learning Objectives:

Recognize the rise in use of variable pay for motivating and retaining tax-exempt organizations’ management teams

Identify the different types of variable pay

Determine the jobs for which variable pay is suitable

Identify best practices for setting up an incentive pay plan

Determine steps to maintain a variable pay plan effectively

Credit & Professional ContinuingEducation Information:

SHRM-CP/SHRM-SCP Credit Information:

ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 2.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

CCP/CBP/GRP/WLCP Credit Information:

This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

The ERI Distance Learning Center is registered with the National Association
of State Boards of Accountancy (NASBA) as a sponsor of continuing professional
education on the National Registry of CPE Sponsors. State boards of accountancy
have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be submitted to the National Registry
of CPE Sponsors through its website:
https://www.nasbaregistry.org/

"You have a very complete offering of on-line courses. A colleague introduced me to the website. I have a PHR and am looking for good continuing education courses at a reasonable price. Having also used another HR training website, I found your course more engaging."

Karen Mortimer, PHR

"ERI Distance Learning Center courses not only provide valuable information that is relevant to my field (Compensation), but the courses also give historical background information pertaining to HR Law, which is an essential part of Compensation administration...I also like the mimic-to-real world scenarios to further enhance my learning experience."

Kim Buxton, JCACompensation AnalystFedEx

About

ERI Economic Research Institute was founded over 25 years ago to provide compensation applications for private and public organizations. Subscribers include corporate compensation, relocation, human resources, and other professionals, as well as independent consultants and counselors, and US and Canadian public sector administrators (including military, law enforcement, city/county, state/provincial, and federal government pay administrators).

ERI Economic Research Institute compiles the most robust salary,
cost-of-living, and executive compensation survey data available, with current market
data for more than 1,000 industry sectors. The majority of the Fortune 500 and thousands
of other small and medium sized organizations rely on ERI data and analytics for compensation
and salary planning, relocations, disability determinations, board
presentations, and setting branch office salary structures in the United States, Canada, and worldwide.